ron flow battery provider ESS Inc has revealed a US$477 million net loss in 2021, in its first full-year results since becoming a publicly-traded company on the New York Stock Exchange (NYSE).
Although different energy storage technologies are often thought of as in competition with each other, it’s a case of all-hands-on-deck if we are to achieve deployment targets.
Eos Energy Enterprises has said that equipment and machinery will begin arriving next month as the zinc-based battery storage company expands its manufacturing facility near Pittsburgh.
The first awards of funding designed to “turbocharge” UK projects developing long-duration energy storage technologies have been made by the country’s government, with £6.7 million (US$9.11 million) pledged.
Construction has started on a 3.5GWh pumped hydro plant in Gran Canaria, Spain, and progress has been made on two other projects totalling 18GWh of storage in mainland Spain and Nevada, US.
Multi-day battery storage tech startup Form Energy is working with Georgia Power on a potential 15MW/1,500MWh project in the US utility company’s service area.
An eight-hour duration lithium-ion battery project was recently selected as a long-duration energy storage resource by a group of energy suppliers in California. Girish Balachandran, CEO of Silicon Valley Clean Energy, tells us about the deal and what it signifies.
Industry stakeholder organisations from across Europe have come forward to urge the European Union to support the adoption of long-duration energy storage in its European Green Deal.
California’s energy transition will need 53GW of solar PV by 2045, with the state’s transmission system requiring a US$30.5 billion investment alongside major increases in energy storage to accommodate the extra power.
